TaxTMI 
TaxTMI 
2020 (9) TMI 446
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....s, Uttar Pradesh U/s 248 of the Companies Act, 2013 read with Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016, from the Register of Companies maintained by the Registrar of Companies, Uttar Pradesh. 2. Facts of the appeal are stated as under: i. The Appellant Company Rabia Textiles Private Limited was originally incorporated on 31.01.1989 with the Registrar of Companies, Uttar Pradesh having CIN UI711UR1989PTC010421. ii. The authorized share capital of the Appellant Company is Rs. 5 Lakh and paid up capital is Rs. 1 Lakh and it is involved in business of spinners, weavers, knitters and alike nature of wok since its incorporation. The same is mentioned in the Memorandum of Association of the Company.....
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....on was received from company/its directors nor was any objection received from any person, accordingly, the company was dissolved. 4. Further, the Income Tax Authorities in its representation mentioned that the Appellant Company has filed its Income Tax Returns only for Assessment Year 2018-19 on 14.08.2018 in which the Appellant declared a total income of Rs. 26,300/-. It is stated that there is no demand pending against the Company. 5. Further, in order to corroborate its submission, the Appellant has placed before us the Audited Balance Sheet reflecting Revenue from operations amounting to Rs. 7,05,000/-, Assets (fixed and non- current) amounting to Rs. 1,19,600/-, Total expenses including expenses on the head of employee benefit of Rs....
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....ity. 9. This Tribunal has examined the relevant provision applicable for restoration of the name of the company as provided in Section 252 of the Companies Act 2013 and as per the facts and circumstances of the case, it will be in the interest of the Company, its Shareholders and Creditors, the name of the Company be ordered to be restored by this Bench while exercising its jurisdiction U/s 252 of the Companies Act, 2013 read with Rules made thereunder. 10. The provisions pertaining to restoration of the name of the company has been provided in Section 252 of the Companies Act 2013, which includes that, if it is just and equitable to restore the name of the company in the Registrar of Companies, it may direct the ROC to restore the name i....